Trade Alert: Chief Financial Officer Of Hariom Pipe Industries Amitabha Bhattacharya Has Sold Stock

We'd be surprised if Hariom Pipe Industries Limited (NSE:HARIOMPIPE) shareholders haven't noticed that the Chief Financial Officer, Amitabha Bhattacharya, recently sold ₹14m worth of stock at ₹824 per share. The eyebrow raising move amounted to a reduction of 34% in their holding.

See our latest analysis for Hariom Pipe Industries

The Last 12 Months Of Insider Transactions At Hariom Pipe Industries

Notably, that recent sale by Amitabha Bhattacharya is the biggest insider sale of Hariom Pipe Industries shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of ₹820. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Amitabha Bhattacharya ditched 19.32k shares over the year. The average price per share was ₹804. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Hariom Pipe Industries

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Hariom Pipe Industries insiders own 53% of the company, currently worth about ₹14b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Hariom Pipe Industries Insiders?

An insider sold Hariom Pipe Industries shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Hariom Pipe Industries is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Hariom Pipe Industries has 4 warning signs (and 1 which can't be ignored) we think you should know about.

Of course Hariom Pipe Industries may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.